Private Banks capitalizing on PSU banks’ waning loan market share

Hotel industry has witnessed overall improvement in occupancy ratio over last four quarters with demand outpacing supply growth

India’s insatiable rural binge

Unique business model with superior return ratios

stock with zero debt, high return ratios, improving financial metrics and credible management pedigree deserves premium valuation

Attractively placed to tap the huge opportunity in Rs 22,000cr organized snacks industry

The stock is available at attractive valuation of 2.0X FY20E P/BV

Opportunity for investors to cherry pick stocks in the sector having strong compliance record and earnings visibility

It’s just getting better

Atul Ltd is reasonably priced at 17.4x FY20E EPS, which is attractive in the peer group. We expect valuations to rise further to 21x FY20E EPS backed by improvement in margins, free cash flow generation and expected debt-free position of the company